MILLTRUST OFFERS MORE EMERGING MARKET UCITS FUNDS

MILLTRUST OFFERS MORE EMERGING MARKET UCITS FUNDS

Singapore-headquartered emerging markets specialist Milltrust International has launched a range of?Dublin-based UCITS funds?and is looking to offer several more in September.

The first three of those funds, namely the?Greater China, Brazil and Latin America funds, were launched in June and will be followed in September with the launch of the Milltrust?India?andMilltrust ASEAN?Funds,?with the former to be managed by?UTI Asset Management Company(UTI), the oldest asset manager in India.

Eric Anderson, managing partner of London affiliate Milltrust International LLP, which advised the group, says the partner for the ASEAN offering will be announced imminently.

The first three funds are priced daily and dealt weekly and managed by heavyweight local names Hong Kong asset manager?Value Partners, Brazilian powerhouse investment bank?BTG Pactual, and Latin America?s largest bank?Banco Itau, respectively.

The managed accounts were seeded by a number of corporate and local authority pension fund investors while a sovereign wealth fund has also committed capital to the platform.

Milltrust says that with the lion’s share of institutional fund flows still limited to a small coterie of big US fund managers, it?hopes to offer an alternative to the ubiquitous Global Emerging Markets (GEMS)?funds, which invariably invest across all emerging market in sync with the MSCI benchmarks.

Milltrust?s platform approach allows investors to enjoy the benefits of diversification across geographies and managers, while allowing them to express their own macro views by controlling the weightings of their allocations across the different funds and geographies.